HE Group IPO oversubscribed by over 63.35 times

KUALA LUMPUR: HE Group Bhd, slated for a listing on the ACE Market of Bursa Malaysia on Jan 30, has seen its initial public offering (IPO) oversubscribed by 63.35 times.

The electrical engineering service provider received a total of 12,201 applications for 1.41 billion issue shares with a value of RM396.36mil from the Malaysian public, representing an overall oversubscription rate of 63.35 times.